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News: 21/07/2004

EU Says WTO Proposal Needs Clarity; India Rejects It (Update1)

July 19 (Bloomberg) -- A World Trade Organization draft agreement on cutting tariffs and farm subsidies is a good starting point, though more clarity is needed, the European Commission said. India rejected the WTO proposal. The draft, a blueprint sent to officials Friday by WTO Director General Supachai Panitchpakdi and Japanese Ambassador Notaro, chairman of the WTO's ruling General Council, includes proposals for how to phase out agricultural export subsidies, rework rules for farm aid...